Cetera Advisors, a Cetera Financial Group Firm, to Provide Broker-Dealer Services to Legacy Wealth Management Advisors

California-based Team, Led by Veteran Advisor Ross Pake, Brings Approximately $110 Million in Client Assets

Jul 27, 2015, 08:30 ET from Cetera Advisors LLC

DENVER, July 27, 2015 /PRNewswire/ -- Cetera Advisors LLC, an independent broker-dealer that is part of Cetera Financial Group®, a leading network of independent broker-dealers, announced today that it will provide broker-dealer and investment advisory services to Legacy Wealth Management ("Legacy") advisors. Based on prior reported business, the Legacy team had approximately $110 million of brokerage and fee-based client assets as of May 31, 2015.

Based in Tustin, California, the Legacy team provides holistic financial planning, asset management and retirement planning to a broad section of clients across the United States, with a concentration of clients in Orange County, California. Led by founder and President Ross Pake, a veteran independent financial advisor with over 30 years of industry experience, financial advisors with Legacy have cultivated a significant clientele by providing retirement planning services to retirees associated with some of Orange County's largest corporate employers. Mr. Pake is a Certified Financial Planner (CFP®), Personal Financial Planner (PFP), and Certified Fund Specialist (CFS®).  He holds Series 7, 24 and 63 securities registrations.

Erinn Ford, President of Cetera Advisors, commented, "We are delighted to welcome the Legacy team to our platform and to help them achieve their strategic objectives. Towards this end, we look forward to providing Legacy financial advisors with industry-leading advisory resources and practice management support.  Our priority is to enable Ross and his team to deliver an excellent client experience and help them augment their outstanding track record of client service." 

With their transition to Cetera Advisors, Legacy financial advisors expect to gain greater efficiencies that will enable them to spend more time servicing the individual needs of their larger client accounts, provide superior wealth management programs for their smaller-sized accounts, and continue building strong intergenerational client relationships that should extend the success of their practice into the future. 

Mr. Pake said, "My team and I are very pleased to join Cetera Advisors, a quality organization that nurtures a small-firm culture, where we can rely on prompt and personalized service and support.  After reviewing several independent broker-dealers, we're confident that Cetera Advisors was the best choice. It will strive to provide the type of personal attention that will better enable us to help our clients meet their financial goals.  At the same time, we also look forward to benefiting from the Cetera Financial Group network's size and scale, which enables the delivery of industry-leading technology and systems, outstanding turnkey asset management programs, and additional resources that will allow us to fully focus on our client relationships."

About Legacy Wealth Management
Based in Tustin, California, Legacy Wealth Management financial advisors provide holistic financial planning, asset management and retirement planning to a broad section of clients across the United States, with a concentration of clients in Orange County, California. Led by founder and President Ross Pake, a veteran independent financial advisor with over 30 years of industry experience, Legacy financial advisors have cultivated a significant clientele by providing retirement planning services to retirees associated with some of Orange County's largest corporate employers. Legacy financial advisors had approximately $110 million of brokerage and fee-based client assets as of May 31, 2015. Mr. Pake is a Certified Financial Planner (CFP®), Personal Financial Planner (PFP), and Certified Fund Specialist (CFS®).  He holds securities registrations 7, 24 and 63.

About Cetera Advisors 
Cetera Advisors LLC is an independent broker-dealer and registered investment adviser (RIA) firm offering efficient and convenient access to an extensive network of people, products and services to approximately 1,300 financial professionals. As part of Cetera Financial Group®, the retail investment advice platform of RCS Capital Corporation (NYSE: RCAP), the firm is able to offer all the benefits of a large broker-dealer, including innovative technology, leading wealth management and advisory platforms, and comprehensive broker-dealer and RIA services, with the personal relationships often found only at a boutique firm.

Cetera Advisors is a member of the Securities Investor Protection Corporation (SIPC) and a member of the Financial Industry Regulatory Authority, Inc. (FINRA). For more information, visit ceteraadvisors.com.

About Cetera Financial Group Cetera Financial Group is the retail investment advice platform of RCS Capital Corporation (NYSE: RCAP). It is comprised of eleven firms – four legacy Cetera-branded firms (Cetera Advisors, Cetera Advisor Networks, Cetera Investment Services, marketed as Cetera Financial Institutions, and Cetera Financial Specialists) along with First Allied Securities, Investors Capital, J.P. Turner and Company, Legend Equities Corporation, Summit Brokerage, VSR Financial Services and Girard Securities. The platform is the second largest independent financial advisor network in the nation by number of advisors, as well as a leading provider of retail services to the investment programs of banks and credit unions. Cetera Financial Group delivers award-winning wealth management and advisory platforms, comprehensive broker-dealer and registered investment adviser services, and innovative technology to approximately 9,500 independent financial professionals and over 600 financial institutions nationwide. Through its distinct firms, Cetera Financial Group offers the benefits of a large, established broker-dealer and registered investment adviser, while serving independent and institutions-based financial advisors in a way that is customized to their unique needs and aspirations. Cetera Financial Group is committed to helping advisors grow their businesses and strengthen their relationships with clients. For more information, visit www.ceterafinancialgroup.com

About RCS Capital RCS Capital Corporation (NYSE: RCAP) is a full-service investment firm expressly focused on the individual retail investor. With operating subsidiaries including retail advice services, wholesale distribution, investment banking, capital markets, investment research, investment management and crowdfunding, RCS Capital's business is designed to capitalize, support, grow and maximize value for the investment programs it distributes and the independent advisors and clients it serves. Additional information about RCS Capital can be found on its website at www.rcscapital.com. RCS Capital may disseminate information about itself, including the results of its operations and financial information, via social media platforms such as Facebook, LinkedIn and Twitter.

Important Notice The statements in this press release include statements regarding the intent, belief or current expectations of Cetera Advisors and Cetera Financial Group and members of their respective management teams, as well as the assumptions on which such statements are based, and generally are identified by the use of words such as "may," "will," "seeks," "anticipates," "believes," "estimates," "expects," "plans," "intends," "should," "look forward" or similar expressions. Actual results may differ materially from those contemplated by such forward-looking statements due to certain factors. Additional factors that may affect future results are contained in RCS Capital's filings with the SEC, which are available at the SEC's website at www.sec.gov. Further, forward-looking statements speak only as of the date they are made, and none of Cetera Advisors, Cetera Financial Group or RCS Capital undertakes any obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time, unless required by law.

Media Contacts:

Joseph Kuo Haven Tower Group Tel: 424.652.6520 ext. 101 jkuo@haventower.com

Matthew Griffes Haven Tower Group Tel: 424.652.6520 ext. 103 mgriffes@haventower.com

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SOURCE Cetera Advisors LLC



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